In the last 24 hours, Binance recorded a net outflow of 392M $, following the high market volatility. ⚙️ Some assets experienced temporary de-pegging, but the system held up without interruptions. 📊 The new "Token Info" feature has been introduced with an unlock schedule for greater transparency on supply and tokenomics. 🔐 Remember to activate 2FA and manage risk and volatility carefully.
$BANANAS31 the relative strength index previously reached an overbought level of 96.51, suggesting that the recent price surge may have been overstretched and could lead to further price corrections.
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@WalletConnect #WalletConnect $WCT 🔹 Strengths Consolidated infrastructure: WalletConnect handles millions of connections per month across hundreds of dApps, making WCT a key element for future governance and incentives.
Expanding cross-chain: Recently, WCT has also been integrated on Solana with dedicated airdrops, promoting compatibility between chains.
Positive forecasts: Analysts (CoinCodex, Mudrex, BeInCrypto) estimate a possible range between 0.80 - 1.25 USD by the end of 2025.
🔹 Criticisms and risks High volatility: The token launch experienced an immediate correction: from about 0.40 USD to below 0.27 USD, followed by a rebound to around 0.65 USD, then another decline.
Potential bearish technical patterns: Some indicators suggest the formation of a “Head & Shoulders,” with potential support at 0.35 USD; a downward break could lead to levels around 0.28 - 0.30 USD.
Scams and pump & dump: Strong allegations of manipulation have emerged on Reddit, especially through WhatsApp groups, with testimonies of alleged scam schemes.
Some users report sudden sell-offs with significant losses.
🧭 In conclusion Potential
WCT does not come from nowhere: it is supported by an already established protocol integrated into solid ecosystems like Ethereum, OP, Solana. If the governance token becomes truly active, demand could increase.
Risks
Volatile price, potential manipulation, and short-term speculation. Newly issued crypto assets are often targets of pump & dump schemes.
✅ My opinion If you are a long-term holder and believe in the development of WalletConnect and the adoption of the token for governance/staking, WCT may be worth it. However, it is essential to: Carefully manage risk, avoiding excessive exposures. Monitor key levels, such as 0.35–0.36 USD (support) and about 0.42–0.45 USD (resistance) #Binance